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Dynegy announced that it has become a partner in TradeSpark LP and will link its proprietary e-commerce portal, DynegyDirect, to the TradeSpark system, a multiple-party electronic trading platform powered by eSpeed and supported by Cantor Fitzgerald. TradeSpark also apparently wants to allow its other partners, which include Coral Energy, Dominion, Entergy-Koch Trading LP, TXU Energy Trading and Williams Energy Marketing and Trading, to link their own proprietary trading platforms to the TradeSpark system.

The latest developments in the Enron case include the appointment of an examiner to monitor cash flows at Enron North America, reports that Arthur Andersen is seeking a total settlement of claims against the accounting firm relating to Enron, and statements by Enron’s interim CEO Stephen Cooper that the bankrupt company is planning a “broad legal assault” against individuals who forced the company into bankruptcy.

Mexico’s national oil company, Petroleos Mexicanos SA (Pemex), next year plans to offer more multiple service contracts, similar to one it did this year with a U.S. and Canadian company, to encourage more exploration and production in the country, Pemex Director General Raul Munoz Leos told analysts in New York City on Thursday. Munoz said that even though the Mexican constitution limits foreign investment in the country’s energy industry, he is confident that contracts could be written to improve investments by service companies and integrated energy companies.

A study of North American natural gas markets topped the wish list of 11 potential study projects proposed by the Energy Department (DOE) for the National Petroleum Council (NPC) at the council’s annual meeting last Wednesday in Washington.

A study of North American natural gas markets topped the wish list of 11 potential study projects proposed by the Energy Department (DOE) for the National Petroleum Council (NPC) at the council’s annual meeting Wednesday in Washington.

Class-action lawsuits overshadowed the political finger-pointing in California last week as multiple El Paso Energy and Sempra Energy subsidiaries were hit with complaints for alleged conspiracy and price manipulation that led to abnormally high gas prices for consumers.

Multiple El Paso Energy subsidiaries were hit with a major classaction lawsuit on Friday filed on behalf of all the commercial andresidential gas customers in the State of California. The law firmLieff, Cabraser, Heimann & Bernstein fired off the complaint inState Superior Court in San Francisco against El Paso Natural Gasand several marketing and pipeline affiliates for allegedly rigginga capacity auction to gain market power and then manipulating gasprices at the California border.

Unocal Corp. said yesterday that Ocean Energy Inc. and anunnamed company have agreed to participate in multiple prospects inits Keathley Canyon leases in the deepwater Gulf of Mexico. Theprospects are south and west of the Green Canyon area, and Unocalsaid the first wildcat would be on the Ponza prospect.

Duke Energy Field Services (DEFS) finished off 2000 with a bangby completing three year-end asset transactions. First, the companyfinalized the $91 million sale of natural gas liquid (NGL) pipelineassets to TEPPCO Crude Pipeline, L.P., then it completed thepurchase of certain natural gas pipeline assets from El Paso FieldServices in two separate deals for an undisclosed sum.